One in every four American households relies on Social Security, including 33.5 million retirees, 7.8 million disabled workers, and 4.2 million children. Its benefits are modest. The average retiree benefit is about $14,000 a year, less than $12,000 for women retirees, but essential. One in four retirees depends on Social Security for almost all of their income. On August 14, Social Security turns 75 years old. It has never missed a check, and is cherished by Americans of all ages. We are able to celebrate its anniversary because in 2005 Democrats beat back President Bush's and congressional Republicans' privatization efforts. Today there are new Republicans calling for privatization. Once again, Democrats will step forward to protect and strengthen Social Security so we can celebrate this national treasure for generations to come.
Editor's note · Context
Schakowsky discusses the importance of Social Security and the need to protect it from privatization efforts.
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